Amended and updated notes on section 450 of Companies Act 2013. Detail discussion on provisions and rules related to punishment where no specific penalty or punishment is provided.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 450 of CA 2013 provides for punishment where no specific penalty or punishment is provided.
Recently, we have discussed in detail section 449 (Punishment for false evidence) of CA 2013. Today, we learn the provisions of section 450 of the Companies Act 2013.
The provisions of section 450 are effective from 12th September, 2013. You may refer Notification No. S.O. 2754(E) dated 12.09.2013. In this article, you will learn detail of the provisions of section 450 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXIX |
| Chapter Name | Miscellaneous |
| Section No. | 450 |
| Section Name | Punishment where no specific penalty or punishment is provided |
| Monthly Updated Edition | Company Law PDF |
Section 450 of Companies Act 2013: Punishment where no specific penalty or punishment is provided
Section 450 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be punishable with fine which may extend to ten thousand rupees, and where the contravention is continuing one, with a further fine which may extend to one thousand rupees for every day after the first during which the contravention continues.